Amendment to the Investment Sub-Advisory Agreement Among Jackson National Asset Management, LLC, Lazard Asset Management LLC,and Jackson Variable Series Trust
Amendment
to the Investment Sub-Advisory Agreement Among
Xxxxxxx National Asset Management, LLC,
Lazard Asset Management LLC,and
Xxxxxxx Variable Series Trust
This Amendment is made by and among Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (“Adviser”), Lazard Asset Management LLC, a Delaware limited liability company and registered investment adviser (“Sub-Adviser”), and Xxxxxxx Variable Series Trust, a Massachusetts business trust (“Trust”).
Whereas, the Adviser, the Sub-Adviser, and the Trust entered into an Investment Sub-Advisory Agreement effective as of the 27th day of April, 2015 (the “Agreement”), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to certain investment portfolios of the Trust, as listed on Schedule A to the Agreement.
Whereas, the parties have agreed to amend the following section of the Agreement:
Section 3. “Management.”
Now Therefore, in consideration of the mutual covenants herein contained, the parties hereby agree to amend the Agreement as follows:
The following shall be inserted as sub-paragraph q) in Section 3. “Management.” under the heading entitled: “The Sub-Adviser further agrees that it:”
| q) |
at its expense, will furnish: (i) all necessary facilities and personnel, including salaries, expenses, and fees of any personnel required for the Sub-Adviser to faithfully perform its duties under this Agreement; and (ii) administrative facilities, including bookkeeping, and all equipment necessary for the efficient conduct of the Sub-Adviser’s duties under this Agreement.
|
In Witness Whereof, the Adviser, the Sub-Adviser, and the Trust have caused this Amendment to be executed as of this 21 day of December, 2016, effective December 14, 2016.
|
Xxxxxxx National Asset Management, LLC
|
Lazard Asset Management LLC
|
||||
|
By:
|
/s/ Xxxx X. Xxxxx
|
By:
|
/s/ Xxxxxxx X. Xxxxxxx
|
||
|
Name:
|
Xxxx X. Xxxxx
|
Name:
|
Xxxxxxx X. Xxxxxxx
|
||
|
Title:
|
President and CEO
|
Title:
|
Deputy Chairman
|
||
|
Xxxxxxx Variable Series Trust
|
||
|
By:
|
/s/ Xxxx X. Xxxxx
|
|
|
Name:
|
Xxxx X. Xxxxx
|
|
|
Title:
|
Assistant Secretary
|
|
